I don't concentrate on their reasons or their analysis.
What is fascinating to me is the sheer difference in target price ranges, and the targets are decided not entirely on the analysis, but on the vested interests and the work they get from the company
Let me give you an example, Macquarie has been PLS's go to bank - all funding, JV's etc -- their rating $7.50
Looking at Jardens, they get no work from them and so in their opinion the price target should be 3.50
Again, I don't think you can do much or prove that they are right or wrong, as its only an "ÖPINION". But this reeks of vested interests - where is the independent analysis gone. Furthermore I would ask clients of Jarden -- do you still hold PLS even after such a low target? Again, did you miss out on all the gains because of Jarden's analysis? And note this is not on just on one stock, there are umpteen examples out there
Good News & Bad News, page-32913
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Last
$3.24 |
Change
-0.080(2.41%) |
Mkt cap ! $9.751B | |||
| Open | High | Low | Value | Volume |
| $3.26 | $3.32 | $3.23 | $83.81M | 25.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 106287 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 157742 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$3.24 |
Change
-0.080 ( 2.40 %) |
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| Open | High | Low | Volume | ||
| $3.27 | $3.32 | $3.23 | 21533662 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PLS (ASX) Chart |